Slow Transition Seen at Save Mart

MODESTO, Calif. Save Mart Supermarkets here views its pending purchase of 132 Albertsons stores in northern California and northern Nevada as a merger, not as a buyout or a takeover, Bob Spengler, who recently returned to Save Mart as president and chief operating officer, told SN last week. We're not going to ride in on a white horse as saviors, he explained, because it's a profitable company that

MODESTO, Calif. — Save Mart Supermarkets here views its pending purchase of 132 Albertsons stores in northern California and northern Nevada as a merger, not as a buyout or a takeover, Bob Spengler, who recently returned to Save Mart as president and chief operating officer, told SN last week.

“We're not going to ride in on a white horse as saviors,” he explained, “because it's a profitable company that already has a very good team in place, and we don't plan to do anything of